BITCOIN BEP2 - BTCB/USD

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Type:	Cryptocurrencies
Ticker:	BTCBUSD
ISIN:

BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 03/22/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

56%

My opinion

Bullish above 25,097.25 USD

My targets

29,727.69 USD (+5.62%)

32,415.40 USD (+15.17%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN BEP2 - BTCB/USD as long as the price remains well above 25,097.25 USD. The buyers' bullish objective is set at 29,727.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32,415.40 USD. If there is any crossing, the next objective would be the resistance located at 37,045.84 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia.

Additional analysis

Quotes

The BITCOIN BEP2 - BTCB/USD price is 28,145.74 USD. The price is lower by -0.03% since the last closing and was between 27,937.37 USD and 28,288.60 USD. This implies that the price is at +0.75% from its lowest and at -0.51% from its highest.

27,937.37

28,288.60

28,145.74

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN BEP2 - BTCB/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	21,855.20	23,077.10	24,830.30	28,145.74	28,232.20
Change (%)	-22.35%	-18.01%	-11.78%	-	+0.31%
Change	-6,290.54	-5,068.64	-3,315.44	-	+86.46
Level	Minor	Minor	Major	-	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27,103.49	27,340.65	27,747.61	27,984.77	28,391.73	28,628.89	29,035.85
Camarilla	27,977.44	28,036.48	28,095.53	28,154.57	28,213.61	28,272.66	28,331.70
Woodie	27,188.39	27,383.10	27,832.51	28,027.22	28,476.63	28,671.34	29,120.75
Fibonacci	27,340.65	27,586.70	27,738.72	27,984.77	28,230.82	28,382.84	28,628.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,091.39	17,779.10	22,409.54	25,097.25	29,727.69	32,415.40	37,045.84
Camarilla	25,027.50	25,698.33	26,369.16	27,039.99	27,710.82	28,381.65	29,052.48
Woodie	16,062.77	18,264.78	23,380.92	25,582.93	30,699.07	32,901.08	38,017.22
Fibonacci	17,779.10	20,574.63	22,301.71	25,097.25	27,892.78	29,619.86	32,415.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,833.03	19,685.07	21,458.63	23,310.67	25,084.23	26,936.27	28,709.83
Camarilla	22,235.16	22,567.51	22,899.85	23,232.20	23,564.55	23,896.89	24,229.24
Woodie	17,793.80	19,665.45	21,419.40	23,291.05	25,045.00	26,916.65	28,670.60
Fibonacci	19,685.07	21,070.05	21,925.69	23,310.67	24,695.65	25,551.29	26,936.27

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.92
MACD (12,26,9):	57.0500
Directional Movement:	2.93
AROON (14):	64.29
DEMA (21):	28,195.46
Parabolic SAR (0,02-0,02-0,2):	27,965.97
Elder Ray (13):	-53.53
Super Trend (3,10):	27,491.21
Zig ZAG (10):	28,199.14
VORTEX (21):	1.0100
Stochastique (14,3,5):	72.87
TEMA (21):	28,192.35
Williams %R (14):	-28.89
Chande Momentum Oscillator (20):	7.00
Repulse (5,40,3):	1.1600
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.55

MA7:	27,404.90
MA20:	24,092.17
MA50:	23,651.35
MA100:	21,297.24
MAexp7:	28,175.62
MAexp20:	28,110.59
MAexp50:	27,916.83
MAexp100:	27,263.93
Price / MA7:	+2.70%
Price / MA20:	+16.83%
Price / MA50:	+19.00%
Price / MA100:	+32.16%
Price / MAexp7:	-0.11%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.82%
Price / MAexp100:	+3.23%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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